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Block Inc. has become a member of the S&P 500 index, making it the third Bitcoin-oriented company that is included after Coinbase and Tesla. Will strategy become a member soon?
Jack Dorsey’s Block Inc. has become a member of the S&P 500 index, making it the third Bitcoin [BTC] and crypto-oriented company in the coveted Equity Index. The payment and the BTC-oriented company was included In the index on July 18. It replaced the Hess Corporation, which was taken over by Chevron Corporation on that day.
However, the official trade as part of the S&P 500 Index started on July 23. The stock of Block, XYZ, only booked 0.54% on Wednesday, but it collected by 10% during the inclusion announcement last week.
Marktpundits invoiced the milestone as fintech growth. On the contrary, leaders of the crypto sector have praised it as a sign of growing BTC exposure to Wall Street.
Block joins Coinbase, Tesla on the index
In contrast to the block that extends both the fintech and the crypto world, Coinbase was the first crypto-native company that participated in the Equity Index on 19 May 2025. Tesla, another BTC holder, was included in the index on December 21, 2020.
At the time of the press, Tesla had 11,509 BTC, while Coinbase had 9,267 BTC. On the contrary, Block Inc. had one store from 8,584 BTC.
Respond to the update, Amrita Ahuja, COO and CFO from Block Inc., greet It is so great for ‘wider exposure’.
“It is not a finish line. It is a signal that what we are building has strength. Inclusion brings broader exposure.”
For his part, Hank Huang from Crypto -research agency Kronos Research, view The “growing trust” in crypto by Tradfi players.
“Block Inc.’s S&P 500 Inclusion signals the growing trust of Tradfi in crypto-lit companies and the steady acceptance of infrastructure supported by blockchain.”
The Block Inc. (previously square), is designed to enable small companies to accept map payments via mobile devices.
The company was founded by Jack Dorsey and Jim McKelvey in 2009, but expanded to other financial services such as Cash App (P2P payments), square capital for loans and a POS (sale point called Square Pos).
In December 2021, the company renamed Block Inc. As part of his pivot to blockchain-uitgebled services via spiral to support Bitcoin network-based builders and apps in addition to TBD, a defi-oriented solutions.
Moreover, last year, Dorsey announced That 10% of his turnover from his crypto products would be used to acquire BTC.
Here it is worth noting that Bitcoin Corporate Treasury Pioneer, Strategy (previously micro strategy), the next potential competition could be for S&P 500 index recording.
If that happens, there will be four BTC-released companies on the index. This would enable investors to have more importance in the crypto sector.